A Monetary Business Cycle Model for India
(2018)
Preprint / Working Paper
Banerjee, S., Basu, P., Ghate, C., Gopalakrishnan, P., & Gupta, S. A Monetary Business Cycle Model for India
We build and calibrate a New Keynesian monetary business cycle model to the Indian economy to understand why the aggregate demand channel of monetary transmission is weak. Our main nding is that base money shocks have a larger and more persistent e⁄e... Read More about A Monetary Business Cycle Model for India.